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"HOLDER"-Continued.

in due course, who in good faith inserts wrong
date, bill shall be payable as if date so inserted
true date.....

may resort, in case of need, to person whose
name inserted by drawer or indorser for such
purpose......

may have liability of the holder or indorser
limited by express stipulation.....

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of bill drawn by infant, minor or corporation
not having power, his position as against other
parties to instrument.....

22 (2)

when deemed holder for value.....

27 (2)

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when a holder without value has all the rights of
a holder in due course

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of bill payable at sight, must present for accept-
ance or negotiate it within reasonable time....
effect of not doing so..

because holder believes bill would be dishonored,
presentment for acceptance not therefore ex-
cused......

loses right of recourse against drawer and in-
dorsers if person presenting bill does not treat
it as dishonored after two days from present-
ment...

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SECTION.

PAGE.

HOLDER-Continued.

in due course, rights of such, subsequent to
omission to send notice of dishonor not pre-
judiced by omission...

in due course, person signing otherwise than as
acceptor or drawer becomes liable to as in-
dorser

HOLDER IN DUE COURSE, not affected by renun-
ciation unless received notice thereof......
may avail himself of altered bill as if no altera-
tion, when..

HONOR, acceptance and payment for..

ILLEGAL CONSIDERATION person obtaining bill

by such his title is defective..

IMMEDIATE PARTIES, what is delivery of bill, as

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between such

21 (2)

12

IMPLICATION of law, holder having lien on bill by,

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is holder for value pro tanto..

IMPRISONMENT, person issuing "patent right note"

liable to, who does not write words "Given for
patent right" across face of the note......

"IN CASE OF NEED," by such is meant in case
bill is dishonored for non-acceptance or non-
payment

Referee "In case of need," who he is.....

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INDEMNITY, loss of bill, may not be set up,if indemnity

given as ordered by Court..

69

41

INDORSEE of "patent right note" with words "patent
right printed" takes same subject to equities
between original parties....
payment by payer to, is valid when bill condi-
tionally indorsed whether condition fulfilled or

....

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not....

333

18

SECTION. PAGE.

INDORSEE-Continued.

is not specified by blank endorsement, and by
such endorsement bill becomes payable to bearer
provisions of act applicable to payee, apply to en-
dorsee with necessary modifications, under
special endorsement .....

may convert a blank indorsement into a special
indorsement and how.....

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under restrictive indorsement, his rights, powers,
and privileges.....

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when indorsee wrongly designated or name mis-
spelled how he may endorse...
subsequent indorsees take bill with same rights,
etc., of first indorsee after restrictive endorse-
ment.....

INDORSEMENT, meaning of expression..

date of, shall be deemed true date....

....

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if only, or last endorsement, in blank makes bill
payable to bearer...

8 (3)

8 27

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